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tv   Forbes on FOX  FOX News  January 28, 2012 8:00am-8:12am PST

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♪ gates and honors thethe point is, it is okay for one group to make profits and not another. >> that's right. you talk about apple with 700,000 worker in china and versus and the demagogue president could go after that. president obama left out when steve yobs said you will be one-term president if you continue this anti-business kind of tiready and he told the president why is it easier to get in china to put a plant. do something about it. the president did nothing. a lot of democrats want a win fall profits tax. why not on apple? or intele? >> you know, bark obama is on to something good here. surtax on crony capitalism and banks would pay extra because
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they got a bail out. and the windmill and ethanoyl would have to pay extra. that leveling of the playing field can make since. and maybe the next time a mortgage company hires a cleasey excongresswoman to get credit they should pay a surtax. >> no one should get hand outs. the whole thing is nonsense. exxon mobile had a tax rate and higher than most did in the united states. they don't get more favors than other manufacturing companies. when you go to washington and pick winners and losers. i remember japan was the model we should follow in the late 'cents and '80s because they picked winners and losers. guess what? they have had two decades of
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stagnation. government picking winners and loserings, you will eat the insects off of the ground like they do in north korea. >> since china is subsidiizing the solar industry we should do the same. >> that argument makes my head spin. broadissue of good profits versus bad profits. you mentioned apple and steve mentioned the fanthries in chin a. they have deplorable conditions. you have workers standing for you know, 14 hours a day so that their feet spell to the size of elephants and they sleep in overcrowded dorms. those cities are hurting. we have lovely ipads. but they are cleaning it with poisonous chemicals before they come to us. are you saying they are
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obscene, victoria? >> i am not saying obscene. they have issues to deal with. but where do you draw the line between and bad profits. goldman sachings profits look better than that. >> where do you draw the line. >> as long as you are oboying the president obama is creating conditions that new apples will not be able to rise up. it includes fanny making money and a perversion of the free market. perverts should pay a fee. >> how about google. >> rick go ahead. >> let's obey the law even if they take united states over the cliff. but steve said that he questioned why obama is not giving steve jobs a problem for taking those jobs over
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sees. read the the uni.eve jobs was ae policies and the fact of the matter today, it would be hard for a new apple to rise up because of google pay. why do you think that that is true. because google is friendly with the administration. how about general electric? i mean look at crony capitalism that is appalling and driven by this president. look at the gas taxs and we pay out more money for our il that they get in profits. >> we have a president who >> we have a president who want to fund fannie mae and
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- [laughing] woman: i used to wonder, why would a jew, a christian, and a muslim ever get together? - hello, hello. woman: and then i finally got it. they had a lot more in common than doughnuts. - ♪ love can build a bridge - ♪ oh, love and only love - ♪ between your heart and mine ♪ male announcer: a message from the foundation for a better life. good morning, everyone. live from america's news headquarters. i am jamie colby. we are three days before the florida primary and the gop candidates are hitting the campaign trail mitt romney and newt gingrich are pulling out all of the stops.
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and rick santorum moving on to northern virginia and ron paul in maine. he is speaking in a university town hall event. mitt romney holds the lead in florida with 38.7 percent and newt gingrich with 31.5. and santorum and paul is right behind. in syria. new reports was a bloody government crack down as the arab league suspends the commission. it was working on a peace plan to stop the blood shed that killed 5400 people. i am jamie, see you at 1:00 p.m. eastern and now back to forbes on fox . president obama delivering a stern warning. cut your tuition or face cuts. if steve forbes said that government funding is driving
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tuition up. steve explain. >> inflation goes up 100 percent and medical costs 220 percent . college tuition. and government subsidizes something it becomes more expense itch. administrative cos the costs. cut the subsidies and the students will get a affordable education . four years and why not three years and take time to get out in the work force. >> morgan. thing. couple of figures for you. federal dollars flood in market inflation. federal aid is up 55 percent in 10 years. is it any wonder that public state tuition is up? and take a walk around t our studen. the money is spent on the self grandoisement. >> i think you are on to something. but what about the pel grants. >> that is not correct.
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i testified before congress about i.r.s. reform and in that debate was this fact. because they have tax exempt at that timus they save money and instead of reducing tuition they spend it on bling that costs to service. they have to hire more people to take care of that. and it goes to pay role and doesn't reduce college tuition. every percentage increase that rises, you have to pay more taxes in the government. we are abusing american families. >> should the government get out of the funding universities and college and universities? >> no. no, i think it is fundmental and what it should get out of is paying college football coaches four million a year.
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we have a skill's game and high unemployment. we need to make an investment in skilled trades if we want unemployment down. rick said you agreed with the president. >> he had it back wards. in this day and age. there is no reason we have more on line learning. that is well intended government to fund college education. it breeds dependency on government. 56 percent of the college students rely on that . they are the next democratic voters to elect obama style. >> that's got to be the last word. jc penny ditching deep
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discounts and drumming up more profits. it is a buy signal for our economy. that's next. [ female announcer ] this is not a prescription. this is mary. who has a million things to pick up each month on top of her prescriptions.
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>> jc penny ditching discounsels to try to make more money. and also apple in the early days. informers
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>> jc penny hoping shoppers will scream for joy over big sales. it is going to lower the prices something that the ceo said was overdue. >> how? >> like pricing. today what the retailers do
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and we are guilty of this as well we mark it up too high and create the sales. one hour sales and coupons and rebates and the customers knows the right price for every product. we'll price it right. victoria said making the price right will make the economy right, how so. >> oh, yeah, i think ron johnson is on to something here. we are fatigued by discounts. you feel like a chump if you pay retail. and you assume the retailers is bumping up the original price to knock it down . it is not a sale price at that point. it is the price you pay to begin with. it is it a sign that the economy is turning and the consumers are willing to stop with the shen nagins. >> he created the apple
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stores. will this motel succeed . >> it will be better used rebranding fannie mae . get normal pricing strategy. it is a matter of the trust. will we trust the ceo and can that work in a store. people go in retail therapy and looking for discounts and savings. ci think people know the jewelry is jacked up. will we trust the ceo on the. >> that is a good question. do you think that people will trust the new strategy. >> victoria is not the only shopper that is vafeaged with all of the monkey sales and dam affinity cards. there was a poster said no card games. i am going to take all of my
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grocery business to hanovers. >> i think ron johnson disciples of steve jobs can turn jc penny water in apple red wine. it is not going to work. upon pg&e tried and had to abandon it. worse than that. he want to make jc penny saks and amazon.comdiscount world. he wants clarity. he knows that the shoppers are looking for that. do you think he's on to that. >> shoppers are looking for bargains. remember saturn. they didn't have bargain we saw what happened to that. why did you go to the restaurant and look for the special. something to excite you and some point you have to sell a bargain. it is not an apple store
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>> this company is soon to team up with lem and makes the stuff in the iphones. basket of biotech stocks. >> that's right. that is a great way to play hot biotech companies. >> sun core? >> it

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